Wednesday, October 22, 2014

NEW YORK, USA: CBD Energy Ltd announced that its Westinghouse Solar unit has completed installation of the company's first US-based residential solar system.

The 5.86kW system, purchased via a 12-year loan with no money down, comes with a 20-year Westinghouse Solar warranty. The company estimates that this customer, located in Massachusetts, will realize approximately 33 percent energy cost savings.

Gerry McGowan, CBD Energy executive chairman and MD, stated: "We are very pleased to announce our first U.S. residential solar system installation, the first completion of our robust, growing pipeline. Local demand for our solar systems is strong and this is an important milestone as we enter the U.S. solar marketplace.

"Our customers will enjoy cost certainty and minimized impact of future energy price increases over the 25-plus year system life. Furthermore, our residential solar customers own their systems, which allows them to directly benefit from all of the government rebates, incentives and solar renewable energy certificates ("SRECs") associated with the system."